MENA: Asparagus Market 2024

Asparagus Market Size in MENA

In 2023, the MENA's asparagus market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then fell slightly in the following year.

Asparagus Production in MENA

In value terms, asparagus production amounted to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Iran (X tons) remains the largest asparagus producing country in MENA, comprising approx. X% of total volume. Moreover, asparagus production in Iran exceeded the figures recorded by the second-largest producer, Morocco (X tons), more than tenfold.

In Iran, asparagus production increased at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Morocco (X% per year) and Turkey (X% per year).

The average asparagus yield stood at X tons per ha in 2023, standing approx. at 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the yield increased by X%. Over the period under review, the asparagus yield hit record highs in 2023 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the asparagus harvested area in MENA rose to X ha, increasing by X% on 2022. Overall, the harvested area, however, continues to indicate a slight decrease. Over the period under review, the harvested area dedicated to asparagus production attained the peak figure at X ha in 2013; however, from 2014 to 2023, the harvested area stood at a somewhat lower figure.

Asparagus Exports

Exports in MENA

In 2023, approx. X tons of asparagus were exported in MENA; increasing by X% compared with 2022. Overall, exports continue to indicate a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asparagus exports skyrocketed to $X in 2023. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. The following exporters - the United Arab Emirates (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to asparagus exports from Morocco stood at X%. At the same time, Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Morocco (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest asparagus supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Morocco stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the export price figures.

Asparagus Imports

Imports in MENA

After two years of growth, supplies from abroad of asparagus decreased by X% to X tons in 2023. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, asparagus imports reduced slightly to $X in 2023. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which resulted at X% of total imports. Qatar (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Morocco (X%) and Kuwait (X%). The following importers - Jordan (X tons) and Oman (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to asparagus imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Oman (X%), Morocco (X%), Turkey (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Kuwait experienced a relatively flat trend pattern. From 2012 to 2023, the share of Qatar, the United Arab Emirates and Morocco increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest asparagus importing markets in MENA were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), together comprising X% of total imports.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform